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enX - disposal of businesses
enX, two of its wholly owned subsidiaries, being enX Trading Investments (Pty) Ltd. ("enX Trading") and enX Ventures PL (Pty) Ltd. ("enX Ventures"), New Way Power (Pty) Ltd. ("NWP"), a wholly owned subsidiary of enX Trading (enX Ventures and NWP collectively being "the Sellers"), PR Industrial Srl and GPR South Africa (Pty) Ltd. ("GPR" or "the Purchaser") have entered into a Sale of Business and Letting Enterprise Agreement, pursuant to which NWP will sell to GPR the business carried on by NWP ("NWP Sale Business") as a going concern, and enX Ventures will sell to GPR the manufacturing site used by NWP in respect of the NWP Sale Business ("Manufacturing Site"), together with the lease agreement in terms of which enX Ventures leases the manufacturing site to NWP ("2025 Lease"), as a going concern ("enX Ventures Letting Enterprise").
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